General Mills reported fiscal year 2026 results, with net sales down 5% to $18.4 billion and adjusted diluted EPS down 16% to $3.55. The fourth quarter saw net sales increase 1% to $4.6 billion, with adjusted diluted EPS up 27% to $0.95. Significant non-cash charges, including goodwill and brand intangible asset impairments totaling $1.75 billion and a $1.03 billion valuation loss on the Brazil business divestiture, heavily impacted reported operating profit and net loss. The company is targeting $3 billion in cumulative cost savings by fiscal 2030, with $750 million expected in fiscal 2027, primarily through its Holistic Margin Management (HMM) program and global transformation initiative. For fiscal year 2027, General Mills forecasts organic net sales to range between down 1.5% and up 0.5%, with adjusted operating profit expected to decrease 8% to 13% in constant currency, and adjusted diluted EPS projected between $3.00 and $3.20.